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Mortgage insurance began in the United States in the 1880s but the industry first enjoyed major growth following the implosion of the 1920s real estate bubble. In the 1950s, Milwaukee lawyer Max H. Karl invented the modern form of private mortgage insurance, which helped to put home ownership within reach for millions of families. Private…

Do you have too much house? Are you considering downsizing but concerned about qualifying for a new mortgage? Perhaps a reverse mortgage for purchase may be a problem solver for you. Since 2008 a little known product called a reverse mortgage for purchase is available for people over 62 who wish to downsize to a…

It’s not commonly done nor is a commonly known that you can make payments on reverse mortgages. It is acceptable to make payments on reverse mortgages and may make sense for you to do so for your future. HOW REVERSE MORTGAGES WORK: Reverse mortgages liquefy a portion of your homes equity creating increased cash…

Have you looked at reverse mortgages in the past but put the idea aside because your spouse is under the age of 62? Well, it might be the time to take a look at the program again, because there’s a new change in policy that could affect your decision. HUD recently changed its policy concerning…

Housing counseling has risen over the last few years, and according to a recent study for NeighborWorks America by the Urban Institute it’s working. Homeowners have saved tens of millions of dollars by becoming more educated about their obligations to their lenders, their lenders obligations to them and the mechanics of their current loans or…

“Water Displacement #40”. The product began from a search for a rust preventative solvent and degreaserto protect missile parts. WD-40 was created in 1953, by three technicians at the San Diego RocketChemical Company. Its name comes from the project that was to find a ‘Water Displacement’Compound. They were finally successful for a formulation, with their…

The Avocado (Persea americana) is a native to Central Mexico, a great source of healthy fat and should be a staple food in all of our diets. Dr Mercola (www.mercola.com) states that avocados have a long list of potential health benefits, besides its anti-inflammatory properties, cholesterol lowering and heart health, research from Japan suggests that it…

Members of Congress scrutinized the Federal Housing Administration’s reverse mortgage program Thursday with at least two congressmen expressing support for authority sought by the agency to make calculated program changes to shore up its insurance fund. The program has come under heightened attention from Congress following an actuarial report in late 2012 which indicated the…

I found an article in the paper on how to delete your Facebook account. I’m not going to delete mine, but it also gave information on how to download and create an archive of your photos , posts and messages. I thought that was great information. I hope your find it useful. To delete your…

This information is not from HUD or FHA and was not approved by HUD or any government agency.

*The owner(s) retain title to the property that is the subject of the reverse mortgage until the person sells or transfers the property and is therefore responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts or failure to maintain the condition of your property may cause the reverse mortgage loan to become due immediately.

A reverse mortgage is a complex loan secured by your home. Whether such mortgage makes sense for you depends on your financial situation and needs. For these reasons, we strongly recommend tha tyou consult with a qualified independent housing counselor, family members and other trusted advisers before making this decision.